In a statement on Wednesday, Russia’s biggest lender Sberbank said, it was exiting from almost all European markets following threats to its staff, property and large cash outflows. The development comes in the wake of the bank reporting a record annual… Read More ›
In a statement the Vice-President and EU trade chief Valdis Dombrovskis said, on April 1, the European Union will hold a summit with China in an attempt to diffuse growing tensions between the two. “We know we are in a… Read More ›
The number of Western companies looking to exit from Russia is growing with energy giants BP, Shell, HSBC and the world’s biggest aircraft leasing firm AerCap joining the list. Following Russia’s invasion of Ukraine, Western countries have slapped punitive economic… Read More ›
Energy ministers from European Union countries have agreed to urgently link their power system to Ukraine’s grid. The move would increase Europe’s energy independence from Russia following Russia’s invasion of Ukraine. The invasion by Russia, Europe’s top gas supplier, has… Read More ›
In a statement Swiss President Ignazio Cassis said, it was “very probable” that Switzerland would follow the European Union (EU) on Monday in sanctioning Russia and freezing Russian assets in the country. In an interview to RTS, Cassis said the… Read More ›
In a statement the Chief Executive of the European Union expressed unequivocal support for Ukraine becoming a member of the bloc. European Commission President Ursula von der Leyen called Ukraine as being “one of us.” She made the comments to… Read More ›
In a statement the SWIFT international payments system said, it was preparing to implement new sanction measures by Western countries targeting select Russian banks in coming days. “We are engaging with European authorities to understand the details of the entities… Read More ›
The fallout of Russia’s invasion of Ukraine has spread to the global aviation industry with two more European countries banning Russian carriers and the European Union saying it would restrict the exports of aircraft parts. Virgin Atlantic and British Airways… Read More ›
On Saturday, Russian news agency RIA quoted Dmitry Medvedev, deputy head of the security council, as saying Moscow will respond to the seizure of funds owned by Russian companies and citizens abroad by seizing funds of foreigners and foreign companies… Read More ›
In a statement the EU’s antitrust chief Vestager said, the U.S.-European Union Trade and Technology Council, which was set up last year to strengthen strained transatlantic trade ties and help allied democracies better compete with China, will meet for the… Read More ›
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